it's not rocket science. it's just common sense. from td ameritrade. >>> if there was ever a second term honeymoon, it looks like it's over. president obama's job approval rating has dropped eight points since the start of the year, and for the first time since september, it stands below 50%. our new cnn/orc poll puts it at 47%, to be exact. so let's find out what's going on. joining us now, our chief political analyst, gloria bowler and chief correspondent, dana bash. what do you make of the eight-point drop? >> well, i think things have not been going well for the president for the last few months. and i think it shows. and when you look deeper into this poll, we also ask the question about budget and fiscal policy, do you approve or disapprove of the way the president's handling it? 67% disapprove of the way the president is handling fiscal policy. and i think that has an awful lot to do with this, wolf. >> you know, yes. there's no question that that is a big part of it. i went back with our pollster, katie holland, curious abou